Mobility And The Black-White Gap

Victoria Stilwell of the Bloomberg News reports that Black Americans remain less likely to climb the income ladder and more likely to drop than whites, according to research published by the Federal Reserve Bank of Chicago last month. Thomas Piketty, whose best-selling book, Capital in the Twenty-First Century, has spurred debate over income inequality, said in an interview that “the whole structure of inequality of income and wealth in the U.S. is very much related to race.” To read more, click here.